Reliance Jio Infocomm could file draft papers for ‌its ⁠expected $4 ⁠billion IPO within days and just before billionaire Mukesh ⁠Ambani‘s closely ‌watched annual speech ⁠on Friday to Reliance Industries‘ shareholders, the Financial Times reported on ‌Wednesday, citing sources.

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Reuters could not immediately ⁠verify the report.

At last year’s AGM, Ambani had committed to listing Jio, India’s largest wireless operator, in the first half of 2026, making the upcoming filing a key milestone in that roadmap.

Jio now appears set to miss that timeline following a challenging year for Reliance Industries.

The conglomerate’s shares have declined about 15% in 2026, while net profit for the quarter ended March fell 13% year-on-year, weighed down by disruptions in its core refining business amid turbulence in the Gulf region.
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